Ten-Year Treasury Yield Retreats from Recent Peak After Month‑Long Surge

According to Reuters, after two consecutive days of sharp declines, Treasury securities recovered some ground on Thursday.

Bond prices advanced steadily throughout the session and ended positively, causing the benchmark ten‑year note’s yield to dip 3.0 basis points to 4.539%.

The decline followed a surge that had pushed the ten‑year yield to its highest closing level in more than a month the prior session.

The Treasury rebound coincided with a sharp pullback in crude oil futures after a two‑day rally, with U.S. oil prices falling by over 2%.

Oil prices retreated despite renewed hostilities between the United States and Iran, as markets remain hopeful that a full‑scale war can be averted.

The retreat was partly driven by President Donald Trump’s assertion that Iran is eager to negotiate, a stance consistent with his usual rhetoric.

Trump’s remark followed a U.S. Central Command statement that forces had struck roughly 90 military sites to further degrade Iran’s capacity to target commercial shipping in the Strait of Hormuz.

‘This is retaliation for yesterday’s bombing of ships by Iran. If it recurs, it will be far worse!’ Trump wrote on Truth Social.

Iran reportedly retaliated with attacks aimed at Bahrain, Kuwait and Qatar following the latest U.S. airstrikes.

In U.S. economic news, the Labor Department issued a report unexpectedly showing a modest decline in initial unemployment claims for the week ending July 4.

The report indicated initial claims slipped to 215,000, 2,000 fewer than the prior week’s revised 217,000.

Economists had projected claims to rise to 219,000, up from the 215,000 reported previously.

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